LAKE COUNTY FARM BUREAU

EIN: 362178039

GRAYSLAKE, IL

Total Revenue
$1,199,698
Total Expenses
$567,829
Total Assets
$4,612,405
Net Assets
$4,243,339
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
IL
Principal Officer
THOMAS DOOLITTLE
Phone
8472236506
Tax Period
2024-08-01 to 2025-07-31

LAKE COUNTY FARM BUREAU, founded in 1914, is a small nonprofit that reported $544K in total revenue in fiscal year 2018. Net assets of $3.6M represent 80 months of operating reserves.

Mission

MAINTAIN AN ORGANIZATION THROUGH WHICH RURAL AND URBAN PEOPLE CAN THINK, ACT AND WORK TOGETHER TO STRENGTHEN AGRICULTURE'S ROLE AND INFLUENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,767
Program Service Revenue $52,458
Investment Income $159,663
Other Revenue $926,810
TOTAL REVENUE $1,199,698

Expense Breakdown

Grants Paid $21,500
Salaries & Benefits $186,790
Fundraising Expenses $0
Other Expenses $359,539
TOTAL EXPENSES $567,829

Year-over-Year Comparison

2024 2023 Change
Revenue $1,199,698 $614,898 +1.0%
Expenses $567,829 $591,534 0.0%
Net Income $631,869 $23,364 +26.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
N/A
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$134,800
Total Directors
11
$9,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS DOOLITTLE PRESIDENT 1.00
Officer Director
$4,500 $0 $4,500
DUANE BEELOW VICE-PRESIDENT 1.00
Officer Director
$550 $0 $550
RODNEY BUSS SECRETARY 1.00
Officer Director
$700 $0 $700
PETER TEKAMPE TREASURER 1.00
Officer Director
$200 $0 $200
WILLIAM MCNEILL DIRECTOR 1.00
Director
$600 $0 $600
DONALD TEKAMPE DIRECTOR 1.00
Director
$750 $0 $750
ANTHONY DEMOON DIRECTOR (FROM 03/25) 1.00
Director
$0 $0 $0
BERNARD WEIDNER DIRECTOR 1.00
Director
$600 $0 $600
ANDREW YARC DIRECTOR 1.00
Director
$700 $0 $700
GEORGE WHITE III DIRECTOR 1.00
Director
$550 $0 $550
JERRY HENNINGFELD DIRECTOR (THRU 09/24) 1.00
Director
$400 $0 $400
GREGORY KOEPPEN MANAGER 40.00
Officer
$123,667 $5,183 $128,850
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,199,698 $567,829 $4,612,405 $631,869
2024 $614,898 $591,534 $3,973,605 $23,364
2023 $523,921 $617,856 $3,835,661 $-93,935
2022 $639,770 $578,469 $3,899,202 $61,301
2021 $594,035 $523,405 $4,069,942 $70,630
2020 $549,774 $588,090 $3,865,797 $-38,316
2019 $544,388 $565,697 $3,834,183 $-21,309
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